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remember, the problem is we've got these government shareholders, the british uk, british government and bae, and the eads who all wants slightly different things. we heard today from the foreign secretary william haig who explains the u.s. strategy in bae and that aligns, as well. if there was anything to dilute that in the merger, they wouldn't support it either. we've already heard it this week, over 13% of the private share holding. that they are opposed to the deal on current terms, particularly worried about solution. they also get quite a nice free cash flow from bae and a nice dividend. they're worried about that being diluted. and they don't see the logic necessarily. there's a lot of hurridles. and very quickly, we have an auction out for italy out this morning. yield does go slightly higher on the three and 12 months. slightly higher yields for italy, in the cash market, 5%, and spain, they've come back down to 5.78%, well below 6%. that's where we stand. back to you guys. >> ross, do you see this nigel dude from yesterday, the guy from the uk. >> he's fantastic. >> nigel
remember, the problem is we've got these government shareholders, the british uk, british government and bae, and the eads who all wants slightly different things. we heard today from the foreign secretary william haig who explains the u.s. strategy in bae and that aligns, as well. if there was anything to dilute that in the merger, they wouldn't support it either. we've already heard it this week, over 13% of the private share holding. that they are opposed to the deal on current terms,...
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Oct 4, 2012
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, and governing. with an emphasis throughout on differences, specifics, and choices. both candidates will also have two-minute closing statements. the audience here in the hall has promised to remain silent. no cheers, applause, boos, hisses among other noisy distracting things so we may all concentrate on what the candidates have to say. there is a noise exception right now, though, as we welcome president obama and governor romney. [ applause ] >> jim. >> gentlemen, welcome to you both. let's start with the economy. segment one. and let's begin with jobs. what are the major differences between the two of you about how you would go about creating new jobs? you have two minutes -- each of you have two minutes to start. a coin toss has determined. mr. president you will go first. >> thank you, jim for this opportunity. i want to thank governor romney and the university of denver for your hospitality. there are a lot of points i want to make tonight, but the most important one is 20 years ago i became t
, and governing. with an emphasis throughout on differences, specifics, and choices. both candidates will also have two-minute closing statements. the audience here in the hall has promised to remain silent. no cheers, applause, boos, hisses among other noisy distracting things so we may all concentrate on what the candidates have to say. there is a noise exception right now, though, as we welcome president obama and governor romney. [ applause ] >> jim. >> gentlemen, welcome to you...
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jpmorgan took over bear sterns at the behest of the government government, they didn't want to buy this bank. they only had a weekend to do whatever due diligence they should do so, why are you bringing this complaint against jpmorgan since he did what the government asked them to do? >> well, we started our investigation in the new york attorney general's office last spring and we were looking a at variety of institutions. the federal working group was founded by president obama in january and formed in months after that and started working with our federal colleagues who also had substantial information and pro-ed a lot of assistance in going after the misconduct at bear stearns, which quite frankly, was some of the most flagrant misconduct by any firm in the bundling and security z securitization of mortgage-backed securities. >> that took place before jpmorgan bought that. >> as the introduction said, when you buy a firm, you get the assets and you get the liabilities and we can't send a message that this kind of flagrant fraud, i mean, misrepresentations that they were monitoring t
jpmorgan took over bear sterns at the behest of the government government, they didn't want to buy this bank. they only had a weekend to do whatever due diligence they should do so, why are you bringing this complaint against jpmorgan since he did what the government asked them to do? >> well, we started our investigation in the new york attorney general's office last spring and we were looking a at variety of institutions. the federal working group was founded by president obama in...
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then france and the government would like to buy this stake. but if there is a limit of 10%, it won't be pobl. so in that case, france would be blocked. that's why the reason the government doesn't want to sign anything now which would jeopardize the future of its stake in eads. and that's the main problem from the french perspective. >> all right. what do you think, do you think we'll resolve it? stefane, if you were a betting man. >> it took years for french and german people to work together in eads and it was assigns very difficult. sorry for patricia, but it was very difficult to work together because of course there are national influences. if you want a couple to become a threesome, it will be difficult at least at the beginning. and i'm not sure that a couple of extended weeks we could have to reach a deal would be enough to make it work at least on the political side. >> do you think we'll pull off a threesome, i guess paris would be the place to do it. but we'll see what happens. unfortunately patricia's gone, so we've lost her. never
then france and the government would like to buy this stake. but if there is a limit of 10%, it won't be pobl. so in that case, france would be blocked. that's why the reason the government doesn't want to sign anything now which would jeopardize the future of its stake in eads. and that's the main problem from the french perspective. >> all right. what do you think, do you think we'll resolve it? stefane, if you were a betting man. >> it took years for french and german people to...
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that a bigger government, spending more, taxing more, regulating more, if you will, trickle down government would work. >> mitt romney during the debate, intrade contracts all over the place during his exchanges with president obama. and i guess we've been in the twitter world unbeknownst for me for a while. >> i can't believe you figured it out part way through. >> i was looking at blogs, trying to see what people -- whether i could get any immediate reaction to how it was going. and then i check my e-mail and it said matt mentioned you in a twitter thing. and i'm going -- and then it occurred to me, shy see what people on twitter are saying. and then i did it and it opened up the world.i should see what people on twitter are saying. and then i did it and it opened up the world. >> the one thing i decided is i don't follow enough people. i wanted even more. i follow 181 people. today i'm going to add another 100 people because i wanted more last night. >> and i never thought i would follow bill maher necessarily. and now i realize that a cutting edge comedian, even with someone he loves, h
that a bigger government, spending more, taxing more, regulating more, if you will, trickle down government would work. >> mitt romney during the debate, intrade contracts all over the place during his exchanges with president obama. and i guess we've been in the twitter world unbeknownst for me for a while. >> i can't believe you figured it out part way through. >> i was looking at blogs, trying to see what people -- whether i could get any immediate reaction to how it was...
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is it time for the government to get out? >> can i come back to the $333 million out of the $10 billion? who got that money? we are fining banks left and right. i wish we wouldn't. it seems like it is helping. who is getting the $333 million? >> the banks and the borrowers. they are betting $3,000 in moving costs to get to do these short sales. they can be tricky and lengthy. they don't want the borrowers to walk away and they give the banks incentive as well. the thing is under that mortgage settlement, the banks have to do debt forgiveness. and short sales can be a part of that. the tax bill is going to have big implications for a continued recovery in housing. >> absolutely. the question is this tax relief on short sales. if the tax relief your debt that is debt forgiveness that is usually taxed. that helps with the short sales. >> that expires at the end of this year. if that doesn't get extended in congress, the odds are, are they going to want to do more tax extenders? then short sales are going to come to a screeching
is it time for the government to get out? >> can i come back to the $333 million out of the $10 billion? who got that money? we are fining banks left and right. i wish we wouldn't. it seems like it is helping. who is getting the $333 million? >> the banks and the borrowers. they are betting $3,000 in moving costs to get to do these short sales. they can be tricky and lengthy. they don't want the borrowers to walk away and they give the banks incentive as well. the thing is under...
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governments will continue with economic and fiscal adjustments. and only if the conditionality is fulfilled will the omts be successful toward moving the economy to what we might call a good equill will i be pre-up. omts are limited, but as i've just explained, they're notten conditional. unconditional. exit from omts would take place once their objectives have been achieved on when there is a failure to comply with the program. omts would not take place while the program is under review and they would resume after the review period once program compliance has been assured. consistent with the treaty prohibition of monday tar financing, the ecb will only conduct transactions on secondary markets buying there investors and not from governance. government bonds will remain maturities of between one and three years. this is in line with the traditional focus of central bank monetary operations. the ecb will accept the same treatment as private or other creditors with respect to bonds purchased in the context of omts and the ecb will be fully transpar
governments will continue with economic and fiscal adjustments. and only if the conditionality is fulfilled will the omts be successful toward moving the economy to what we might call a good equill will i be pre-up. omts are limited, but as i've just explained, they're notten conditional. unconditional. exit from omts would take place once their objectives have been achieved on when there is a failure to comply with the program. omts would not take place while the program is under review and...
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it's government regulation. anyway, we've been covering topics this week on "the kudlow report" that is my patriotic blood boiling. we're going to keep tabs until the kudlow report sees a resolution. last night we discussed a new report that shows america's brave warriors are being denied the right to vote. it's outrageous. why is team obama and the pentagon not helping our fighting men and women cast their absentee ballots? here's kendra rotunda of the military protection voter project. >> this is clearly frustrating their right, their opportunity to be able to cast a ballot this election year. the pentagon frank live seems not to care very much. the pentagon's response is let's wait until after the election and see how things turn out and after the election is too late. >> it is all wrong. we called the pentagon for a response. here's what they had to say "more than 200 installation voter assistance officers exist around the globe. in addition, unit voting assistance officers are available to every unit in eve
it's government regulation. anyway, we've been covering topics this week on "the kudlow report" that is my patriotic blood boiling. we're going to keep tabs until the kudlow report sees a resolution. last night we discussed a new report that shows america's brave warriors are being denied the right to vote. it's outrageous. why is team obama and the pentagon not helping our fighting men and women cast their absentee ballots? here's kendra rotunda of the military protection voter...
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why do you think business leaders fail in government? >> well, ting just requires a very different talent set. governments are democracies. businesses are not. good businesses are not run as democracies. government lives, breathes, and dies on fairness. businesses live on efficiency and innovation. there are many other reasons of that nature. the talents are not transferable. >> they're not transferable. i don't understand that. why wouldn't the talents of leadership be transferable? for example, one thing that president obama has been unable to do is really bring the two sides together. it feels like this country is as more divisive than it ever has been. isn't a good leader's job to bring poeople together so they can buy into the leader's vision? >> it is, but it's very, very different than the business world. you'll have a ceo who's surrounded by staff and subordinates that are basically supposed to adopt his vision. the president is surrounded by members of congress who have minds of their own and off partisan gripes with the preside
why do you think business leaders fail in government? >> well, ting just requires a very different talent set. governments are democracies. businesses are not. good businesses are not run as democracies. government lives, breathes, and dies on fairness. businesses live on efficiency and innovation. there are many other reasons of that nature. the talents are not transferable. >> they're not transferable. i don't understand that. why wouldn't the talents of leadership be...
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government suing the nation's biggest mortgage lender. we'll take a look at how the global industry is faring. then it's off to paris. the stricken car maker is downgraded by moody's a day after demonstrators stage protests. we'll have details from the french capital. and we'll head to new york where there's an appetite for young, profits that is, up nearly a quarter from a year earlier. we'll take a look on a big day for earnings on wall street. and a big week that's coming up. joining us now onset, though, bob mckey. bob, you're here with us, chief economist from independent strategy. i guess let's just begin by talking a little bit about some of these headlines that we're hearing from the imf regarding financial stability. obvious, i guess, to sort of draw attention to this issue, but in your mind, is there still lingering risk out there from the lack of reform, i guess, in some areas of the industry? >> i think what the global stability report is showing -- it's the third report the imf brings out at this semiannual meeting. everybody
government suing the nation's biggest mortgage lender. we'll take a look at how the global industry is faring. then it's off to paris. the stricken car maker is downgraded by moody's a day after demonstrators stage protests. we'll have details from the french capital. and we'll head to new york where there's an appetite for young, profits that is, up nearly a quarter from a year earlier. we'll take a look on a big day for earnings on wall street. and a big week that's coming up. joining us now...
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government. jpmorgan stock closing up 1.2%. and "new york times" says u.s. senate will try to use the lame duck session to reach a comprehend len sif deal to cut the deficit instead of a short term solution. lawmakers will reportedly agree on a specific target likely around $4 trillion over ten years and they would vote to put off the automatic tax hikes and spending cuts set to take effect in january. but with the deficit coming down payment to signal how serious they are. jim, how sdw this get resolved? >> well, i haven't heard that sister, but that's what we've been picking up, that in the background of all these guys working on the deal already. soon after the election, our best guess is that there will be one. not too different from that story actually. >> qe-3 meanwhile, how does that play? does that continue to support lift asset prices? how do commodities get in the wash between slowing chinese growth and fed action? >> that's a good question. because i think it's a big one. i think we're
government. jpmorgan stock closing up 1.2%. and "new york times" says u.s. senate will try to use the lame duck session to reach a comprehend len sif deal to cut the deficit instead of a short term solution. lawmakers will reportedly agree on a specific target likely around $4 trillion over ten years and they would vote to put off the automatic tax hikes and spending cuts set to take effect in january. but with the deficit coming down payment to signal how serious they are. jim, how...
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the state oil giant accounts for a huge a government revenue. isn't it time to wean the government off too much dependence on foreign revenues? >> yes that's going to be our medium term strategy because over the dependence on oil as a finite resource is not good. we have to educate our people, as well, because petrol and ltg are very high will you sly subs this country. people scream when you try to raise the price of petrol, but people have to be realistic. in the long term, we cannot be over dependent on subsidies. and we have to diversify the economy. especially in terms of government revenue. and this is what we're going to do. we are creating more and more growth industries that will give us a strong financial base later on. >> the future of made laid i can't, the plan to transform it, let me ask you in order to chief that target, that goal, how important are these upcoming elections for you and how important is it that you receive a freshman date? >> i'd like to have a strong mandate because to achieve our vision of a fully developed natio
the state oil giant accounts for a huge a government revenue. isn't it time to wean the government off too much dependence on foreign revenues? >> yes that's going to be our medium term strategy because over the dependence on oil as a finite resource is not good. we have to educate our people, as well, because petrol and ltg are very high will you sly subs this country. people scream when you try to raise the price of petrol, but people have to be realistic. in the long term, we cannot be...
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business and the federal government, and that he saw the real benefits. he concluded there on the idea that it was a collaboration, basically, between the federal government and a predecessor of boeing that put a person on the moon 40-some years ago. and those are interesting points, a theme that he has struck many times and it is one of the things that i think has entered into this life-long democrat's relationship with the current administration. it's where he has parted company with them. >> it's going to be interesting. he says he's not interested in running for public office. but you just wonder whether or not he wouldn't accept a treasury secretary position if indeed one was offered under either administration. >> yeah. he was certainly explicit about that in his comments in "vanity fair" magazine, that he didn't want it, "i shall not seek, nor will i accept --" >> but on the other hand hank paulson didn't want it either but he took it because of the financial situation the united states was in at the time. >> exactly. >>> now to bertha coombs who's
business and the federal government, and that he saw the real benefits. he concluded there on the idea that it was a collaboration, basically, between the federal government and a predecessor of boeing that put a person on the moon 40-some years ago. and those are interesting points, a theme that he has struck many times and it is one of the things that i think has entered into this life-long democrat's relationship with the current administration. it's where he has parted company with them....
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the government needs to clear the zone. they've offered these life preservers for years, and it prevents the healing process from truly beginning. >> jason, what do you think? you're arguing these programs should continue. why should taxpayers be subsidizing something banks would likely do on their own since it's in their best interest any way? >> there's a light at the end of the tunnel for homeowners who are under water. they can see the light at the end of the tunnel. what we're now proposing is to build another five miles of tunnel, and we're going to build those five miles in the next 83 days unless the extension is pass passed. we're at a critical moment in housing right now. the money is finally getting through to homeowners. now is not the time to allow them to go down into foreclosure. rick wanted to propose bulldozing. i'm proposing something sensible. >> i didn't propose it. in the extreme, it makes it so ridiculous that just because this is moving the process along quickly, doesn't mean it's right. the more free
the government needs to clear the zone. they've offered these life preservers for years, and it prevents the healing process from truly beginning. >> jason, what do you think? you're arguing these programs should continue. why should taxpayers be subsidizing something banks would likely do on their own since it's in their best interest any way? >> there's a light at the end of the tunnel for homeowners who are under water. they can see the light at the end of the tunnel. what we're...
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they took it at the government's behest. so what was it about this particular situation that did not allow her to execute the way that she had in the past? >> i think that she would probably say that she had a lot of faith in the traders who were working below her, and she would probably say the same thing that jamie dimon said about her, which was that he had total faith in her and she had total faith in the people operating under her, and as jamie said, you trust but verify and there wasn't enough verifying going on, unfortunately. >> she was well liked by most of her colleagues, if not all of her colleagues. you quote a number of them in the article. singing her praises. yet there was one particular meeting in new york between the london office and the new york office, and that certainly was not the type of atmosphere that she found herself in. as a matter of fact, it was quite acrimonious. >> i think that everyone would agree ina could be very, very tough when she needed to be but i do think the relationship between her
they took it at the government's behest. so what was it about this particular situation that did not allow her to execute the way that she had in the past? >> i think that she would probably say that she had a lot of faith in the traders who were working below her, and she would probably say the same thing that jamie dimon said about her, which was that he had total faith in her and she had total faith in the people operating under her, and as jamie said, you trust but verify and there...
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people need to be learned not to be fooled by government's sleight of hand. the >> the problem is that we are reaching record highs, the numbers look good. to brian's point about mom and dad not necessarily opening their 401(k)s but the mom and pops participating in this rally? dave lutz, isn't this one of the sad factors, keep on moving higher? so many people burned during the financial crisis, they are not taking advantage of it? >> mandy, you're absolutely right. ici reported last week even though the stock indices almost doubled since our lows back in '09, investors pulled about $140 billion out of mutual funds and etfs, a couple of stunning facts, all that money seems to be flowing toward fixed income. vanguard reported the first time in history, bond funds bigger than stock funds. if i had dell disclosed last month, the size of their bond and money market assets almost $850 billion. that's more -- [ overlapping speakers ] >> -- about bonds -- >> the market is going to do whoever has the most participants. you are absolutely right. >> peter? >> i agree t
people need to be learned not to be fooled by government's sleight of hand. the >> the problem is that we are reaching record highs, the numbers look good. to brian's point about mom and dad not necessarily opening their 401(k)s but the mom and pops participating in this rally? dave lutz, isn't this one of the sad factors, keep on moving higher? so many people burned during the financial crisis, they are not taking advantage of it? >> mandy, you're absolutely right. ici reported...
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it reflects government general mismanagement of the economy. as we look as the government tries to respond, we see the faction alism and lack of attitude to be able to deal with international or domestic issues. >> if the sanctions begin to have some impact, what does that do on the political front? does it weaken the current establishment or does it in some ways sort of entrench it? >> a mixture of both to be honest. i think what we will see is political establishment, conservative faction try to push the blame for this on to ahmadinejad's government. and we've seen already that from various stapts. but what it does do is allow those that are heavily involved in the revolutionary guards to continue profiting from iran's isolation. what we're not seeing yet is the significance to change around the nuclear program which is ostensibly the aim of international sanctions. >> so who are the population blaming for higher inflation and access to -- are they blaming the government or are they blaming foreign countries? >> they know it that the governme
it reflects government general mismanagement of the economy. as we look as the government tries to respond, we see the faction alism and lack of attitude to be able to deal with international or domestic issues. >> if the sanctions begin to have some impact, what does that do on the political front? does it weaken the current establishment or does it in some ways sort of entrench it? >> a mixture of both to be honest. i think what we will see is political establishment, conservative...
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the whole fellow government wanted jp morgan to buy bear stearns as part of the federal government to avoid a melt down and now they are coming back and suing jp morgan. is this a crude ploy or a popular thing? >> this committee that he sent up to fine banks to cause the melt down, is the first part if you will. their evidence came out and they testified in 2010. they had this information for years. he has been able to use the last two years of the stuff. >> the martin act which hardly ever works. >> eliot spitzer lost every single thing. there is nothing worse than eliot spitzer. where does he come off? >> here is jp morgan stepping up to the plate and they buy bear sterns and the whole mortgage portfolio that they had. where do they come off suing jp morgan? >> if you want to go after the dumb trades go after the individuals in bear sterns? why sue the whole individuals of bear morgan? >> it is going to go well beyond what is happening right now. obama doesn't care. i think he is coming out looking very bad, larry. >> i want to get a quick take before we bring the members in here. t
the whole fellow government wanted jp morgan to buy bear stearns as part of the federal government to avoid a melt down and now they are coming back and suing jp morgan. is this a crude ploy or a popular thing? >> this committee that he sent up to fine banks to cause the melt down, is the first part if you will. their evidence came out and they testified in 2010. they had this information for years. he has been able to use the last two years of the stuff. >> the martin act which...
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what are you going to do to turn around the chinese government, the chinese government to buy more coal, doing know. but today you can see a nice little move up. >> at least in that sector, the cause and effect is a little more clear. thanks, bob. of course, the markets, are they getting a boost after last night. we're joined here at post 9. good to see you as always. what do you make of the argument that this is somehow related to the race for the white house? >> you know, i think investors are looking for any opportunity to buy into the market. we've seen the waves trend higher an higher. there have been cell signal-- s signals. everyone was expecting some resort. >> is there much hesitancy for investors? >> i think there's still signals to stay in this market. we have a lot. like you said, earnings season, we still have a lot of economic data, jobs numbers coming out tomorrow. investors want to be in this market. i think reason for them to stay in the market, the magnetic effect is still here. >> a couple of weeks ago the journal has said o those who have ridden the rally are going t
what are you going to do to turn around the chinese government, the chinese government to buy more coal, doing know. but today you can see a nice little move up. >> at least in that sector, the cause and effect is a little more clear. thanks, bob. of course, the markets, are they getting a boost after last night. we're joined here at post 9. good to see you as always. what do you make of the argument that this is somehow related to the race for the white house? >> you know, i think...
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government. it's in an important market around the world, and it creates 400 jobs in the u.s. >> let me be more specific. are we in any way giving the chinese a technology that they didn't have before, that depletes our competitive edge in the future? >> no, look, you're afraid of china; i'm not. we see them as a big market and a big opportunity. >> one thing immelt is promoting that the president did not include in his jobs package is lowering the corporate tax rate from the current 35%, even though companies like g.e. rarely pay that much. one of the things that g.e. and you get hammered for is how little taxes g.e. pays. it's not quite zero, but it's pretty low. >> you know, we've had an extraordinary couple of years. we wrote off $32 billion during the financial crisis. i think that we should have basically the same tax policy that germany, japan, the u.k., everybody else has, which is a tax rate in the mid-20s and no loopholes, zero. the u.s. has the most antiquated tax system. and that mean
government. it's in an important market around the world, and it creates 400 jobs in the u.s. >> let me be more specific. are we in any way giving the chinese a technology that they didn't have before, that depletes our competitive edge in the future? >> no, look, you're afraid of china; i'm not. we see them as a big market and a big opportunity. >> one thing immelt is promoting that the president did not include in his jobs package is lowering the corporate tax rate from the...
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. >> government trickle down. that is what the phrase that romney used. government trickle down zblin deed. >> i thought that was pretty darn clever. steve right here is cringing already about that. but government trickle down, susan. did that turn you off? >> yeah. very much so. and i think it's an accurate reflection of the philosophy of this administration. >> all right. how about the debate? we'll give you a few seconds. debate last night? please, not please? give me a quickie. >> i think you said it best, larry, when you said that the president's clock was politely cleaned. it was very -- it was visceral. it was in the room. it was clear that the president wasn't on his a game at all. you could see anytime his body language. you could see it with his eyes. moving down. but mitt was on his a game. >> right. >> this is the guy that i have seen over the past 18 months. i find it to be a very interesting construct, romney's war on women, war on dogs. and today it's the war on the real mitt romney. so i thought it was a very intense and very telling contr
. >> government trickle down. that is what the phrase that romney used. government trickle down zblin deed. >> i thought that was pretty darn clever. steve right here is cringing already about that. but government trickle down, susan. did that turn you off? >> yeah. very much so. and i think it's an accurate reflection of the philosophy of this administration. >> all right. how about the debate? we'll give you a few seconds. debate last night? please, not please? give me...
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, say in september the government hired 187,000 people and in august the government hired 417,000 people, that's 604,000 people the government hired in two months, that's the highest change in government employment since 1948. that's not the bls doing something. that's the government hiring people and then there was part-time, you saw how many part-time people there were suddenly in the report. >> it's people who want to be full time people. >> it lowers the unemployment rate. 114,000 was not a good number. >> no but wait a minute -- >> and jack is like being crucified for just tongue and cheek comment. >> this discussion you're having is over the heads of most american people, including me, okay? >> that's not a high bar for you. >> no, that's not a high bar but let me say this to you. there are people out there that haven't got jobs. there are people out there -- >> they know how they feel. >> exactly, and let's go beyond that. whatever the number is, it vastly understates unemployment. why? because arbitrarily they say if you stop looking for a job, you're no longer unemployed. well,
, say in september the government hired 187,000 people and in august the government hired 417,000 people, that's 604,000 people the government hired in two months, that's the highest change in government employment since 1948. that's not the bls doing something. that's the government hiring people and then there was part-time, you saw how many part-time people there were suddenly in the report. >> it's people who want to be full time people. >> it lowers the unemployment rate....
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this is a government-wide program. we had the same thing going on at nasa with the administrator a couple years ago when he was going it to outreach with muslims and we had it with the fbi director last year when he met with muslim groups. it's one thing to create diversity transformation, but it's another thing to use taxpayer money for these things when it's not what the agencies are about. it's clearly inappropriate. >> this is the agriculture department. what does this have to do chanting our forefathers were immigrants? fine. what does chanting that have to do with the mission of the u.s. department of agriculturagricul. i don't understand na. >> absolutely nothing. what happened is over the years there was some discrimination aat the usda. then they brought in a program called pickford, and billions were paid out on fraudulent loan applications in the usda. the usda put into effect during the obama administration to try to reach out to minority groups. that's a worthy goal, but you don't do it with taxpayer money
this is a government-wide program. we had the same thing going on at nasa with the administrator a couple years ago when he was going it to outreach with muslims and we had it with the fbi director last year when he met with muslim groups. it's one thing to create diversity transformation, but it's another thing to use taxpayer money for these things when it's not what the agencies are about. it's clearly inappropriate. >> this is the agriculture department. what does this have to do...
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i trust the balance sheets of corporate america far more than i trust the government's balance sheet. this is hardly a reckless position and would encourage companies to reward shareholders by issuing and raising dividends. i would actually raise the tax make up for that lost revenue because i'm not irresponsible and reckless. i would actually raise the tax on capital gains. why? you get gains when you sell stocks. i don't want people to sell stocks. i want them to own stocks, not sell them. plus if you raised the tax on capital gains, the company that do these stupid buybacks would continue to do them, continue to waste is the shareholders' money like they do now. put the money in the owners' pockets, not the sellers' pockets, by encouraging saving, not flipping. point number two, we have to clean up these markets. clean up the markets and encourage people on the sidelines to come back in. make them. clean up the stables, like hercules. i would do that by appointing preet bharara as attorney general of the united states of america and have him go after all of these insider traders an
i trust the balance sheets of corporate america far more than i trust the government's balance sheet. this is hardly a reckless position and would encourage companies to reward shareholders by issuing and raising dividends. i would actually raise the tax make up for that lost revenue because i'm not irresponsible and reckless. i would actually raise the tax on capital gains. why? you get gains when you sell stocks. i don't want people to sell stocks. i want them to own stocks, not sell them....
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the government could be bigger but we have to tax people in order to have the government bigger. what do you want a smaller government? we have to balance this thing out. >> everything i here is you have to tax more just to pay off our deficit. you have to cut spending and look at the federal reserve running out of things it can continue to do. >> you don't have to pay off the deficit. nobody's ever paid off the deficit or gone -- the policy of paying off the deficit doesn't work. we pay off the deficit because you like clinton, make the economy grow so much, somehow money falls from heaven and the deficit goes away but they certainly didn't start off with a policy i'm going to pay off the deficit. nobody ever said that. >> do you think there's any scenario that someone gets elected, they do some things that make us get back to 3 to 3.5% growth which makes this a whole different picture? >> there must be a scenario. i can't lay it out but there are a lot of things that can happen. in the u.s. the dollar is low and that's a critical input. if you look at where growth has got to co
the government could be bigger but we have to tax people in order to have the government bigger. what do you want a smaller government? we have to balance this thing out. >> everything i here is you have to tax more just to pay off our deficit. you have to cut spending and look at the federal reserve running out of things it can continue to do. >> you don't have to pay off the deficit. nobody's ever paid off the deficit or gone -- the policy of paying off the deficit doesn't work....
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>> the government. hiring more bureaucrats taking many from the apples, microsoft and oracles of world that are expanding the pie, creating opportunities -- >> but he's also got to say something about spending. in many cases spending cuts are more important than tax cuts in this debate. he's going to talk spending. you know that jim lehrer, who is very good at this, is going to ask romney for specifics on this. what are the specifics on spending cuts? we've not heard them. >> we know where the problems are in the federal budget. medicare is responsible for a quarter of the federal debt in the last ten years. i have a plan to take action and get that under control. the president doesn't. if you look at his budget, they are a recipe for middle-class tax hikes. you cannot spend that kind of money without taxing the middle class. it's arithmetic, it's not politics. one of the things that governor romney has to do tonight is make the president own his record. his record's very unpopular. his policies are ver
>> the government. hiring more bureaucrats taking many from the apples, microsoft and oracles of world that are expanding the pie, creating opportunities -- >> but he's also got to say something about spending. in many cases spending cuts are more important than tax cuts in this debate. he's going to talk spending. you know that jim lehrer, who is very good at this, is going to ask romney for specifics on this. what are the specifics on spending cuts? we've not heard them. >>...
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because the government changes took the shine off the sector. we know it's a very expensive industry that requires a lot of capital at the early phase. do you think the investment banks are willing to run the ticket on this because of the dynamics that play out in the sector? >> there is a bit of concern there with funding. but at the end of day, across europe, we're committed to reducing our carbon generating capacity, and the only way we can do that is through the construction of low carbon generating power stations and nuclear is one of those solutions. >> thank you very much for joining us today, scott parker on set with us today. >>> a move to raise cash and reduce a debt pile, the spanish telecomgiant says it has not decided what percent of capital it will float, but it does plan a controlling stake in the company. telecom has confirmed it's in discussions to combine with smaller rival metro pcs. deutsche telecom could come a step closer to exiting the market. they moved to call speculation saying significant issues were still outstanding
because the government changes took the shine off the sector. we know it's a very expensive industry that requires a lot of capital at the early phase. do you think the investment banks are willing to run the ticket on this because of the dynamics that play out in the sector? >> there is a bit of concern there with funding. but at the end of day, across europe, we're committed to reducing our carbon generating capacity, and the only way we can do that is through the construction of low...
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they don't need a government report. it does get a lot of attention and we got a race that's plainly at this point even though obama still has a slight advantage in the battleground states this race can go either way. >> interesting. then we got the governor, of course, speaking at vmi about foreign policy, an area for which a little while he appeared to want to take the campaign, at least before the debate. how ground moving is this? >> reporter: i don't think it's very ground moving. it's not what people will vote on. for romney it's an effort to press a leadership advantage which may be one of the things that move the numbers for him after the debate. he looks strong on the stage with president obama. he took the fight to obama. obama was a little bit more passive. but ultimately the economy, i believe, carl, is going to be what drives the result. >> if anyone who watched snl over the weekend knows the president wasn't that passive. thanks, john, we'll see you later, john harwood in washington. netflix is up 10%, 30%
they don't need a government report. it does get a lot of attention and we got a race that's plainly at this point even though obama still has a slight advantage in the battleground states this race can go either way. >> interesting. then we got the governor, of course, speaking at vmi about foreign policy, an area for which a little while he appeared to want to take the campaign, at least before the debate. how ground moving is this? >> reporter: i don't think it's very ground...
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federal government training programs. and they report to eight different government agencies and so the overhead cost of all of this, this burden and bureaucracy is just killing. i want to take the money the federal government is spending on training, bundle it up, send it back to virginia, its fair share, and let virginia do what's right for the people of virginia with their training dollars. and let me mention as my number four here to get this economy going and to create more good jobs. let me mention something about the deficit. this idea of every year america spending and the federal government a trillion dollars more than we take in is bad for our economy and bad for the next generation. it's immore for us to keep spending than we take in. oil cap federal spending and get us on track to a balanced budget. >> all right. we're going to leave that speech here. and we'll wait to see if he make some specific comments about the jobs report. he didn't. we'll show you what's the average is going. dow is going negative. nasd
federal government training programs. and they report to eight different government agencies and so the overhead cost of all of this, this burden and bureaucracy is just killing. i want to take the money the federal government is spending on training, bundle it up, send it back to virginia, its fair share, and let virginia do what's right for the people of virginia with their training dollars. and let me mention as my number four here to get this economy going and to create more good jobs. let...
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not government handouts but trying to get educated engineers to help these companies. i would reappoint ben bernanke as chairman of the federal reserve. if it weren't for him, he would never have gotten out of the great depression to begin with. without bernanke, we have nationalized the banks and be stuck with unemployment over 10%. here's the bottom line. nobody asked me. i'm not running. i'm not part of any debate. but i stand for higher stock prices for all. if you elect me,ly put through my plan to switch to clean burning natural gases, lower taxes on dividend, educate the masses on money, clean up the skies, rebuild our infrastructure and reappoint bernanke to give liberty, justice and higher stock prices for all. that's a platform i could vote for, if only obama or romney would embrace it. lawrence in texas, lawrence? >> caller: jim, how are you doing? i have a question for you today regarding rpm. the earning report came out today. long or short in the stock? >> short that, you have to short that plentiful dividend. i never recommend that idea. you don't want t
not government handouts but trying to get educated engineers to help these companies. i would reappoint ben bernanke as chairman of the federal reserve. if it weren't for him, he would never have gotten out of the great depression to begin with. without bernanke, we have nationalized the banks and be stuck with unemployment over 10%. here's the bottom line. nobody asked me. i'm not running. i'm not part of any debate. but i stand for higher stock prices for all. if you elect me,ly put through...
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so you don't say the government's lying. you can't say that. yet if you add in two months more government workers than at any it time since 1948 for the past two months, the government can do -- >> but that goes to his point the u-6 number is -- i don't know if it's more accurate. >> it's broader and takes in to account the part-time workers that don't want to be part-time. they want the full-time job. so it's a broader measure of giving us the breadth of the labor market and the health of it and that's why when i say the unchanged number, i sort of ignored the headline number and didn't think it was that big of a deal. >> normally we'd focus on the 114, but, man, when you can go to 7.8 -- accoucan the fundamen catch up with where the market is? can it just tread water and the full fundamentals come up? >> look at all the global printing. >> all right. we have to go. jeff, you'll just have to agree with peter on this one. >> okay. see you next time. >>> if you have any comment ors questi question, e-mail us. still ahead, did you ever wonder how
so you don't say the government's lying. you can't say that. yet if you add in two months more government workers than at any it time since 1948 for the past two months, the government can do -- >> but that goes to his point the u-6 number is -- i don't know if it's more accurate. >> it's broader and takes in to account the part-time workers that don't want to be part-time. they want the full-time job. so it's a broader measure of giving us the breadth of the labor market and the...
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and government bureaucrats being topped by minimum safety percent. that would turn me very bullish. >> i am right there with you. >> on the anniversary of the high in october 2007 i am actually surprised that the dow is still at 13,473 which is almost the same level as we were in 2007 because if i look at the presidential candidates today, if obama gets reelected i think the dow jones should be minus 13,473. if romney gets elected it should be minus 6,000. >> ythe market is up year to date. as you know october 1987 was not a friendly time. do you see anything underneath the hood that concerns you on that basis? >> yes. i mean, the previous person you interviewed said that everybody faced an increase. that is not what i see in the market place. government bonds, art, high end market, park avenue property market and equity and i think that the asset sizes are vulnerable in my view. >> i remember some time in the last 90 days you mentioned for the first time in a while you bought european stocks. are you still long european stocks? if not where would yo
and government bureaucrats being topped by minimum safety percent. that would turn me very bullish. >> i am right there with you. >> on the anniversary of the high in october 2007 i am actually surprised that the dow is still at 13,473 which is almost the same level as we were in 2007 because if i look at the presidential candidates today, if obama gets reelected i think the dow jones should be minus 13,473. if romney gets elected it should be minus 6,000. >> ythe market is up...
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you'll likely still have divided government. the theory is that basically if romney wins you are more likely to get a punt on the fiscal cliff because republicans could be in control of each house if they win the senate. generally speaking, the senate democrats the thought is will not be as intransigent if romney gets in. not sure i buy that. i think the odds are similar under ooet president for a punt on the fiscal cliff. i think if obama wins, you've seen some movement among house trops say we're not necessarily going to be completely stuck on extending the top rate bush tax cuts. they want most of them. but some off-the-record comments say they might be able to move on the 250,000-plus. republicans if obama wins re-election will be dealing with an electorate that says we a i agree with his position that we can let these top rate tax rates go up. they'd be in opposition to the american people if they do that. the pressure will be off from the election and i think you'll probably get a punt under either scenario. >> i know your
you'll likely still have divided government. the theory is that basically if romney wins you are more likely to get a punt on the fiscal cliff because republicans could be in control of each house if they win the senate. generally speaking, the senate democrats the thought is will not be as intransigent if romney gets in. not sure i buy that. i think the odds are similar under ooet president for a punt on the fiscal cliff. i think if obama wins, you've seen some movement among house trops say...
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we don't need the government to do anything. >> right. >> we just need the government to make sure that there are no bad players. >> but, jim, for a while, we weren't -- there was a stated intention to not add to infrastructure for hydrocarbon based energy. that's where we were four years ago. we had to get completely reject that notion. do it now. >> with respect to natural gas, it's all privately funded. it's not government funded. >> right. okay. >>> we've got to run. we're going to come back shortly. when we come back, we're going to talk baseball and politics after the break. and every day since, we've worked hard to keep it. bp has paid over twenty-three billion dollars to help people and businesses who were affected, and to cover cleanup costs. today, the beaches and gulf are open for everyone to enjoy -- and many areas are reporting their best tourism seasons in years. we've shared what we've learned with governments and across the industry so we can all produce energy more safely. i want you to know, there's another commitment bp takes just as seriously: our commitment to ameri
we don't need the government to do anything. >> right. >> we just need the government to make sure that there are no bad players. >> but, jim, for a while, we weren't -- there was a stated intention to not add to infrastructure for hydrocarbon based energy. that's where we were four years ago. we had to get completely reject that notion. do it now. >> with respect to natural gas, it's all privately funded. it's not government funded. >> right. okay. >>>...
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what is the role of government? the role of government should be limited to certain things. >> i'm just talking about big bird. i think that the country probably will do fine funding big bird for another few years. >> that's not the point. >> i think we'll be fine. >> you know we add another $400 million there, $400 million here. it's real money, bob. >> what do we have, a $4 trillion budget? >> you would blow $400 million because you like big bird? >> what benefit are we getting from having something like a national public radio? what benefit do we get out of that? i think we get benefits out of that. if you argue, why should we go to the moon? >> individuals will give money to them. that's how we do most organizations in this country. >> as you can see, we agree. up next, we're coming right back with the closing countdown. >> critics saying something is wrong with the jobs numbers today. the labor secretary rejecting those charges earlier. >> i'm insulted when i hear that because we have a very professional civil
what is the role of government? the role of government should be limited to certain things. >> i'm just talking about big bird. i think that the country probably will do fine funding big bird for another few years. >> that's not the point. >> i think we'll be fine. >> you know we add another $400 million there, $400 million here. it's real money, bob. >> what do we have, a $4 trillion budget? >> you would blow $400 million because you like big bird? >>...
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in celebration of over 75 years of our government employees insurance company, or geico...as most of you know it. ...i propose savings for everyone! i'm talking hundreds here... and furthermore.. newcaster: breaking news. the gecko is demanding free pudding. and political parties that are actual parties! with cake! and presents! ah, that was good. too bad nobody could hear me. geico. fifteen minutes could save you fifteen percent or more on car insurance. extra curricular activities help provide a sense of identity and a path to success. joining the soccer team. getting help with math. going to prom. i want to learn to swim. it's hard to feel normal, when you can't do the normal things. to help, sleep train is collecting donations for the extra activities that, for most kids, are a normal part of growing up. not everyone can be a foster parent... but anyone can help a foster child. >>> welcome back. shares of apple falling today, down more than 8% since the iphone 5 went on sale september 21st. technically the chart is forming a textbook head and shoulders pattern breaking its neck l
in celebration of over 75 years of our government employees insurance company, or geico...as most of you know it. ...i propose savings for everyone! i'm talking hundreds here... and furthermore.. newcaster: breaking news. the gecko is demanding free pudding. and political parties that are actual parties! with cake! and presents! ah, that was good. too bad nobody could hear me. geico. fifteen minutes could save you fifteen percent or more on car insurance. extra curricular activities help...
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that makes sense, good at growing government and good at being part of government but i don't know -- >> the right person in that office could do wonders for this country. >> it should be about jobs. it shouldn't be about taxes. it should be about jobs, jobs, jobs. donald trump, thank you. >> so long, so long, sam. >> bye-bye now. >>> coming up next, bill ackman's big investing idea the activist fund manager joining to us discuss where he's putting his money to work plus why he's putting pressure on p&g to get rid of the company's ceo, that interview coming up after the break. [ male announcer ] for the saver, and a big first step. for the spender who needs a little help saving. for adding "& sons." for the dreamer, planning an early escape. for the mother of the bride. for whoever you are, for whatever you're trying to achieve, pnc has technology, guidance, and over 150 years of experience to help you get there. ♪ [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or make 70,000 trades a second... ♪ reach one customer at
that makes sense, good at growing government and good at being part of government but i don't know -- >> the right person in that office could do wonders for this country. >> it should be about jobs. it shouldn't be about taxes. it should be about jobs, jobs, jobs. donald trump, thank you. >> so long, so long, sam. >> bye-bye now. >>> coming up next, bill ackman's big investing idea the activist fund manager joining to us discuss where he's putting his money to...
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under the law, the government could recover triple damages. this is a $570 million suit against wells fargo. we're following it. we'll teep you posted. back to you. >> just off the lows, scott, thank you very much. we're heading toward the close, otherwise, with about 30 minutes left. the dow down 100 points at this hour. when we come back, we look at the health of wall street. new york state comptroller on the looming -- whether the looming fiscal cliff and increasing regulation are threatening wall street's comeback these days. plus, speaking of which, nearly half of all wall streeters are expecting a bigger bonus this year. will they get it in and more importantly, do they deserve it? that debate is coming up. and from bull market speed bump to chaos. breaking out at a bull fight in colombia. we're just wondering, is this scene a preview of what may be coming to our stock market? tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm tra
under the law, the government could recover triple damages. this is a $570 million suit against wells fargo. we're following it. we'll teep you posted. back to you. >> just off the lows, scott, thank you very much. we're heading toward the close, otherwise, with about 30 minutes left. the dow down 100 points at this hour. when we come back, we look at the health of wall street. new york state comptroller on the looming -- whether the looming fiscal cliff and increasing regulation are...
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>> let me ask you about the role of the board here and corporate governance. this is a company that's had several ceos in the last few years. what company could survive bringing in several different ceos, all of which have had different ways to run the company? doesn't the board bear some responsibility for the problems that this company is having? >> of course. in fact, i wrote a blog for cnbc a month or two ago talking about board accountability in general. i think boards aren't held sufficiently accountabilile for company performance. certainly in the case of hp, what you see is a board that has made a series of decisions, whether it's acquisitions or spinoffs and changing their mind or ceos, leaks and scandals and spying and everything else. i think they've made a series of decisions that have harmed this company without a doubt. >> when you say there's not enough time, what do you mean by that? that could sound ominous. >> it's not an hp-specific comment. this is the 21st century. these are incredibly competitive markets. >> does that mean the stock goes
>> let me ask you about the role of the board here and corporate governance. this is a company that's had several ceos in the last few years. what company could survive bringing in several different ceos, all of which have had different ways to run the company? doesn't the board bear some responsibility for the problems that this company is having? >> of course. in fact, i wrote a blog for cnbc a month or two ago talking about board accountability in general. i think boards aren't...
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is this a governance problem? what is going on? >> like you, i was more surprised that they had a twitter team. i wently went on and see what did you twitter about? this company makes mixers! 4,000 tweets from a mixer company. here's one. they tweet, it's national pancake day. let's eat breakfast for dinner. here's another one, i'm sorry you're still having problems doing your peanut butter. we have too much information here. >> they came back and they took down the tweet. they said this person's no longer going to tweet for us. >> it is human error. every company out there has to have a twitter account. they don't have a choice. they just have to make sure whoever is running the account does not screw up. >> i don't remember a club who would have me a member. anybody tweets to a kitchenaid -- >> unless have you peanut butter problems. >>> who was hit harder at last night's presidential debate? big money or big bird? >> come on. big bird got his 15 minutes here. when was the last time that so many people all around the world had ta
is this a governance problem? what is going on? >> like you, i was more surprised that they had a twitter team. i wently went on and see what did you twitter about? this company makes mixers! 4,000 tweets from a mixer company. here's one. they tweet, it's national pancake day. let's eat breakfast for dinner. here's another one, i'm sorry you're still having problems doing your peanut butter. we have too much information here. >> they came back and they took down the tweet. they said...
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the chinese government is willing to accept this hit on the japanese businesses. we have seen the impact on name brand japanese items and name brand stores and automobiles. we are not necessarily seeing the impact as nearly as strongly on things like other elements of manufactured goods and precursor electronics. >> how much of a game of chicken is this? chinese exports out of japan and china on autos are down about 70%. i wouldn't be running away from toyota motors on this one. from an impact japan has different problems. i would be more concerned if china was going at this with korea. exports to china from korea and taiwan are up for the first time in months. i'm pretty excited about this. where do you think china is really playing the worst game of chicken and do you think there could be regional spreading of this or is this just about elections? >> i think that the koreans are taking advantage of the current tensions between japan and china and trying to fill the gap. we may see some minor adjustments in the minor term to the trade relationships that linger on
the chinese government is willing to accept this hit on the japanese businesses. we have seen the impact on name brand japanese items and name brand stores and automobiles. we are not necessarily seeing the impact as nearly as strongly on things like other elements of manufactured goods and precursor electronics. >> how much of a game of chicken is this? chinese exports out of japan and china on autos are down about 70%. i wouldn't be running away from toyota motors on this one. from an...
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the government has been losing jobs. we can argue about the thousands here, 1,000 here, 10,000 there, the economy has been growing at 1.5 to 2%. in the 150, 160,000 range. the better argument for the future would be one where we're arguing over 250 versus 150. >> steve, you know what i find fascinating? it seems as though we just keep shaving the curve a bit when data is doing better several months ago. we were too optimistic. when data started to do reversals of late, maybe we were too pessimistic. we're in the middle zone. 162,000, it might be better than they were expecting. currently on jobses we've averaged a smidgen for the third quarter. i guess in the end the numbers give me confidence because it is a bigger part of the economy. but none of this is to write home about on the recession side. >> my perspective is i'm afraid we're falling off a cliff. the ism numbers don't tell us that. it shows that we're in a modest area and recession is not around the corner. but let's say your test is putting millions back to wo
the government has been losing jobs. we can argue about the thousands here, 1,000 here, 10,000 there, the economy has been growing at 1.5 to 2%. in the 150, 160,000 range. the better argument for the future would be one where we're arguing over 250 versus 150. >> steve, you know what i find fascinating? it seems as though we just keep shaving the curve a bit when data is doing better several months ago. we were too optimistic. when data started to do reversals of late, maybe we were too...
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Oct 3, 2012
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what did governments do when the financial crisis happened? they took measures to bring stability back to the financial market. and we see, because of our responsibility, a future crisis in the oil market. should we not take preemptive measures to prevent it? and i think the answer is, yes, we should. it's incumbent on us not to see the oil market destroyed. [ticking] >> coming up, an unprecedented look inside saudi aramco, the largest oil company in the world. >> this is the nerve center. every facility in the kingdom, every drop of oil that comes from the ground is monitored in real time... >> in this room? >> in this room. >> that's ahead when 60 minutes on cnbc returns. [ticking] there are a lot of warning lights and sounds vying for your attention. so we invented a warning you can feel. introducing the all-new cadillac xts. available with a patented safety alert seat. when there's danger you might not see, you're warned by a pulse in the seat. it's technology you won't find in a mercedes e-class. the all-new cadillac xts has arrived, and
what did governments do when the financial crisis happened? they took measures to bring stability back to the financial market. and we see, because of our responsibility, a future crisis in the oil market. should we not take preemptive measures to prevent it? and i think the answer is, yes, we should. it's incumbent on us not to see the oil market destroyed. [ticking] >> coming up, an unprecedented look inside saudi aramco, the largest oil company in the world. >> this is the nerve...
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Oct 5, 2012
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he said 4 million is reasonable, but the federal government is not being helpful. i know you favor all sort of energy, solar, fantastic. what do you say about the 4 million? >> actually, a say that we need to create more jobs across the board and particularly, highly skilled people to work in the refinery and production areas where we're finding more energy and we have to have a balance, so i'm totally for that. i encourage more a perennisship programs and training in that area. we have a high need for welders and people working in refineries and i'm all for paying for those jobs and looking at other alternative forms of energy and we have to have a balance of both. >> the unemployment rate falling below 8% for the first time since january 2009 and i'm sure the labor department was hearing about that this morning. at the same time, can you tell the american people that this 7.8 number marks the turnaround that we have seen the worse when it comes to the labor market. i would say we still have a ways to go and we have it well below 12 million and we have to continue
he said 4 million is reasonable, but the federal government is not being helpful. i know you favor all sort of energy, solar, fantastic. what do you say about the 4 million? >> actually, a say that we need to create more jobs across the board and particularly, highly skilled people to work in the refinery and production areas where we're finding more energy and we have to have a balance, so i'm totally for that. i encourage more a perennisship programs and training in that area. we have a...
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Oct 10, 2012
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that's the so-called micro, the companies, and the macro, which are the governments. so we've got a flat line here, okay? that's how every day starts. of course, something does happen every day, which is why we are almost never flat, typically on days where central government or banks squawk newsom sort of data. so let's just presume we're never going to be in zero. then we get to earnings season and the equation changes dramatically. we get really granular. we extrapolate the heck out of each and every earnings report. so consider the box score from one 24-hour sports cycle, using the parlance of football. why not? it's football season. it will be easy for everybody. here is the first place. first we get earnings last night from yum! brands, parents of taco bell and pizza hut, and it is dynamite. restaurants all over the world, and why not, they have two million restaurants per million in the merging versus 58 per million here in america. china didn't slow as much as we thought. and taco bell tacked up 7%. same store sales growth. sellers think taco bell could be tak
that's the so-called micro, the companies, and the macro, which are the governments. so we've got a flat line here, okay? that's how every day starts. of course, something does happen every day, which is why we are almost never flat, typically on days where central government or banks squawk newsom sort of data. so let's just presume we're never going to be in zero. then we get to earnings season and the equation changes dramatically. we get really granular. we extrapolate the heck out of each...
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Oct 2, 2012
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sitting on the board of cisco and ceo john chambers recently said whoever wins this election should govern like bill clinton as he spoke about clinton's effectiveness. what's going on from your view sitting on the board of cisco, having the experience that you've had at yahoo! tell me how you see the environment changes and where specifically you would expect growth to happen in technology in the next five years. >> well, i think technology in general -- probably the biggest challenge is not so much the social interactions but everybody's talking so much about data. data is very, very hard to mine correctly. so i think you're going to see a push back towards a lot of enterprise apps that really figure out how it get information to the companies so they can actually be more personalized for the user, but easy to say, a lot to do. >> and really quick, on what you're seeing out there, how tough is europe right now for technology? what are you seeing in terms of the global slow down? >> well, europe continues to baffle us in general in technology. it looks like it's getting softer, not stronge
sitting on the board of cisco and ceo john chambers recently said whoever wins this election should govern like bill clinton as he spoke about clinton's effectiveness. what's going on from your view sitting on the board of cisco, having the experience that you've had at yahoo! tell me how you see the environment changes and where specifically you would expect growth to happen in technology in the next five years. >> well, i think technology in general -- probably the biggest challenge is...
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Oct 8, 2012
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there is no role of the chinese government in the company. the committee knows full and very well that when they visited our facilities, that they actually had access to the entire list of all 65,000 of our employee shareholders. look, this industry -- the committee is focused on cyber security concerns. those are very legitimate concerns. but, the fact of the matter is, it's a global industry. hauwei, cisco, eriksson, nokia se seimens operating on a common stage with overlapping -- there are cyber concerns but they are universal. anything short of universal solutions is nothing but political gamesmanship. >> i've done a lot of reporting on it. it goes back to the chinese, broadly speaking, to spy, usually using the internet on u.s. corporations and to steal their secrets wherever they may be and whatever way the chinese can. many say about hauwei, in fact, it came from virtually nothing as a result of today because of stolen intellectual property. how do you respond to that? certainly, you must understand that in the context of that belief,
there is no role of the chinese government in the company. the committee knows full and very well that when they visited our facilities, that they actually had access to the entire list of all 65,000 of our employee shareholders. look, this industry -- the committee is focused on cyber security concerns. those are very legitimate concerns. but, the fact of the matter is, it's a global industry. hauwei, cisco, eriksson, nokia se seimens operating on a common stage with overlapping -- there are...
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Oct 5, 2012
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they are not complaining the government. >> now, bill, zoom in here. at this particular gas station, the owners have put up signs saying sorry, it's not our fault. we are hearing that some stations that are out have been resupplied but some are only getting half orders. maybe you better get your bass by lunch time or mid afternoon if you don't want to run short somewhere. a consortium has asked the state resources board to give them a waiver so they can use other types of gasoline not usually allowed in california. the resources board tells us they are still considering that issue. back to you. >> jane, thank you. >>> so what must happen to get individual investors to come back into a market, a market that keeps on rising and are more layoffs coming on wall street? kayla tausche is on the case. >> we've been talking all day about job growth. it is happening everywhere but wall street. we'll give you the layoff landscape and hiring picture for the overall financial industry coming up. a crash management system and the world's only tridion safety cell wh
they are not complaining the government. >> now, bill, zoom in here. at this particular gas station, the owners have put up signs saying sorry, it's not our fault. we are hearing that some stations that are out have been resupplied but some are only getting half orders. maybe you better get your bass by lunch time or mid afternoon if you don't want to run short somewhere. a consortium has asked the state resources board to give them a waiver so they can use other types of gasoline not...
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Oct 8, 2012
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or just transfer money from middle and lower class people to companies and the government? we will head to ohio for that debate next. smart comes with 8, a crash management system and the world's only tridion safety cell which can withstand over three and a half tons. small in size. big on safety. [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. c'mon, michael! get in the game! [ male announcer ] don't have the hops for hoops with your buddies? lost your appetite for romance? and your mood is on its way down. you might not just be getting older. you might have a treatable condition called low testosterone or low t. millions of men, forty-five or older, may have low t. so talk to your doctor about low t. hey, michael! [ male announcer ] and step out of the shadows. hi! how are you? [ male announcer ] learn more at isitlowt.com. [ laughs ] hey! ♪ [ male
or just transfer money from middle and lower class people to companies and the government? we will head to ohio for that debate next. smart comes with 8, a crash management system and the world's only tridion safety cell which can withstand over three and a half tons. small in size. big on safety. [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your...